7 520,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: IMF: Economic prospects are not as bad as expected. Survey: Growth in business activity in the eurozone has almost stopped. The average company spends 223 hours a year on paperwork, less than last year. The Ministry of Finance's forecast is realistic according to the Budget Forecast Committee. In August, 881 companies were added to the Czech Republic, 61 fewer than in July. According to economists, the new Ministry of Finance forecast is quite realistic. The Ministry of Finance sold bonds for CZK 5.1 billion, interest was greater. Trinity: The automotive industry is among the most affected sectors of the economy. 62 applications for CZK 645 million have been submitted for the COVID Spa program. Euler Hermes expects an increase in corporate insolvencies in the Czech Republic by eight percent this year. Confidence in the Czech economy accelerated in September. Deloitte: Warming will have a positive impact on the Czech economy. Deutsche Bank: The economy will fully recover by the middle of next year. Most Czech companies are not banning workers from traveling abroad. Scientists from CzechGlobe oppose the claim that warming will help the economy. In a number of Moravian-Silesian companies, workers do not have to wear masks. EBRD expects a more significant economic decline in the countries where it operates. The Slovak Central Bank improved the economic outlook. Duha presented ecological proposals for the recovery plan.

Stock exchanges: Supplies of building materials have fallen by up to 30 percent, miners report. The price of gold has fallen to a two-month low.

Finance: As of September 18, banks had accepted 401,000 applications for deferral of installments. The US budget deficit for 11 months was three trillion dollars. Housing loans increased by 30 percent year-on-year in August to 17 billion CZK. PPF Bank's net profit increased by 14 percent to 1.2 billion CZK this year. Sellers: Sales of investment coins in the Czech Republic are now growing at a record rate. Finemo.cz: Approximately 400 seniors have used a reverse mortgage in five years. PPF Telecom Group issued seven-year bonds for half a billion euros. According to estimates, the Czech National Bank will leave interest rates unchanged on Wednesday. Banks are not yet preparing to close branches due to the coronavirus. Hypoteční banka and ČMSS will have the same management from next year. Survey: Almost a third of Czechs have felt the impact of the pandemic on their finances. Millions of bank accounts have been added in Latin America during the pandemic. US airlines will cut more than 30,000 seats without further state aid. JPMorgan to pay $920 million for market manipulation. Banks provide call center operators to trace infected people. Raiffeisenbank takes control of Raiffeisen Building Society. The British central bank left monetary policy unchanged. The Czech National Bank Council unanimously left interest rates unchanged today. Over 80 percent of Czechs believe that the price of life is incalculable. Survey: An unexpected event has befallen 80 percent of Czechs in five years. EY: 7,500 jobs in the financial sector left Britain due to Brexit. Household debts with banks rose to 1.819 trillion crowns in August. Survey: Czechs most often save 1,000 to 3,000 crowns per month. The Fed has extended restrictions on banks' dividend payments and share buybacks.